De Beers sells $550 mn in May, vs $524 mn last month

De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fourth sales cycle of 2018.

Cycle 4 2018 (provisional)1

Cycle 3 2018 (actual)2

Cycle 4 2017 (actual)

Sales value3 ($m)

550

524

522

Notes to this table are shown at the bottom of this page.

Bruce Cleaver, CEO, De Beers Group, said: "In the fourth sales cycle of the year we saw robust demand for De Beers’ rough diamonds, reflecting continued strong demand for diamond jewellery, especially from American consumers as we head towards the important JCK Las Vegas trade show at the start of June."

2 Cycle 3 2018 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2018.

3 Sales values are quoted on a consolidated accounting basis and are before capitalisation of pre-commercial production revenues at Gahcho Kué. Auction Sales included in a given cycle are the sum of all sales between the end of the preceding cycle and the end of the noted cycle.